Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $37, direct labor $21, variable manufacturing overhead $12, fixed manufacturing overhead $45, variable selling and administrative expenses $10, and fixed selling and administrative expenses $37. Its desired ROI per unit is $30. Compute the markup percentage using variable-cost pricing. (Round answer to 2 decimal places, e.g. 10.50%.)

Markup percentage

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